Pages

Saturday, April 13, 2013

The Winklevoss twins lost millions in the Bitcoin crash

Cameron and Tyler Winklevoss, best known as those twins who repeatedly
sued Mark Zuckerberg (claiming he had stolen their idea for Facebook),
have now been revealed as massive Bitcoin speculators.

Since last summer, the New York Times’ Dealbook blog reports, the twins have been buying up the digital crypto-currency, currently in freefall. (A couple of days ago it reached $266 per bitcoin; today’s low is under $50.)

Thursday morning, when trading was stopped by Mt. Gox—the most popular Bitcoin exchange—at about $120, the Times
estimated the Winklevoss’s Bitcoin fortune at $11 million. If that
estimate is accurate, their holdings had reached a value of $24 million
at the high point. Currently, it is worth a bit over $2 million. That
means they’ve seen a loss of up to 92 percent of their investment.

Publishing since 1996

Vancouver, Canada-based father, husband, publisher and previously co-owner of the traffic exchanges Traffic-Fusion.biz and Shockwave-Traffic.com Now I accumulate Bitcoin. If you would like to learn how to do that just say the word and I'll be happy to show you.

Home base

EGS is based in Vancouver's West End, nestled between English Bay and Stanley Park, EGS is strategically located within 5 minutes of the largest concentration of Junior resource companies in the world, giving the publisher easy access to corporate presentations and interveiw with senior management with ease.